PROTECTED SOURCE SCRIPT
LiZ_Prediction_Model
📌 LiZ Prediction Model (v6)
The LiZ Prediction Model is designed to highlight potential turning points in price based Z-Score deviations.
🔑 How it works:
A 20-period LiZ is calculated (trend reference).
A Z-Score is computed to measure how far price deviates from the LiZ (standardized by volatility).
When price forms a high or low and the Z-Score at that point is beyond a threshold (±1.0 by default), a label is plotted:
🔴 Red label above pivots = Overextended high (possible reversal zone).
🟢 Green label below pivots = Oversold low (possible reversal zone).
On the latest candle, the current Z-Score is also displayed if it crosses the threshold:
🟠 Orange down label = Price stretched to the upside.
🟣 Purple up label = Price stretched to the downside.
📊 Purpose:
This model helps traders quickly identify when price is statistically stretched relative to its short-term trend, and whether a level aligns with an extreme deviation, which can act as a potential reversal or exhaustion point.
⚠️ Note:
This is an analytical tool — not a standalone buy/sell system. Always combine with market structure, volume, and risk management. No guarantee of profit or loss is possible in any trading system, so do your own research and take own trading decision by your own. This is not a sure-fire means of beating the market.
The LiZ Prediction Model is designed to highlight potential turning points in price based Z-Score deviations.
🔑 How it works:
A 20-period LiZ is calculated (trend reference).
A Z-Score is computed to measure how far price deviates from the LiZ (standardized by volatility).
When price forms a high or low and the Z-Score at that point is beyond a threshold (±1.0 by default), a label is plotted:
🔴 Red label above pivots = Overextended high (possible reversal zone).
🟢 Green label below pivots = Oversold low (possible reversal zone).
On the latest candle, the current Z-Score is also displayed if it crosses the threshold:
🟠 Orange down label = Price stretched to the upside.
🟣 Purple up label = Price stretched to the downside.
📊 Purpose:
This model helps traders quickly identify when price is statistically stretched relative to its short-term trend, and whether a level aligns with an extreme deviation, which can act as a potential reversal or exhaustion point.
⚠️ Note:
This is an analytical tool — not a standalone buy/sell system. Always combine with market structure, volume, and risk management. No guarantee of profit or loss is possible in any trading system, so do your own research and take own trading decision by your own. This is not a sure-fire means of beating the market.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。